2 bed flat

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2 bed flat

Norwich Road, Wisbech PE13
£80,000

Our Summary

  • Currently let at £700 pcm (£8,400 per annum) and priced at £80,000, the property represents a low-cost, high-performing investment opportunity

Description

This two-bedroom flat on Norwich Road in Wisbech, Cambridgeshire, is a prime investment opportunity offering a 10.5% gross yield. Currently let at £700 per month, the property is priced at £80,000 and provides immediate rental income and a solid long-term return. With a 99-year lease and a valuable ⅓ share of the freehold, the property offers added ownership security and flexibility. The flat features two well-proportioned bedrooms, a bathroom, kitchen, and living area, as well as access to a communal garden, making it an attractive rental option. Located in a popular area with strong commuter links and access to local amenities, this property is a well-balanced addition to any buy-to-let portfolio.